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Nov 2, 2012 3:00pm EDT
longevity of fed programs. we had jim on today. he said we're handicapping two issues. monetary policy and the next president. i think those issues definitely impact subsequent equity and fixed income trading. >> so that's what's behind this negative performance. ed, what do you think it is? i didn't see a lot of expectations of 170,000 new jobs created. >> yeah, but there's a lot of jobs that were created. at the same time, there were a lot of jobs that were lost. everyone is just frozen, waiting to see. never before if our lifetime has a presidential election meant so much. people are just taking pause and waiting. these numbers are really an insignificant event. quite frankly, i was hoping they were going to be a little lower. we saw a tick up. not surprising we're seeing very little action in the markets. >> the reasoning right now, steve liesman s if you're going to get a jobs number and want revisions behind it for the previous month, maybe there's less of a need for quantitative easing on the margins down the road. you get a stronger dollar. that seems to be the reasreason. >> maybe
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